06:18 AM EST, 01/22/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasuries trade unevenly into U.S. close, weaker in Asia. U.S. equities stronger into close and futures gain in Asia. Asian equities are mixed with China softer on tariff threat. Yen weaker, other foreign exchange pairs largely unchanged, Brent below $79.5/barrel.

U.S.: President Donald Trump says a 10% tariff on China is still on the table, as "they're sending fentanyl to Mexico and Canada" and vows tariffs on the European Union, which is "very, very bad to us." Also considers using tariffs on Mexico and Canada as soon as next week to push for early USMCA renegotiation (WSJ).

U.S.: Trump announces $500 billion private-sector investment in AI infrastructure with three tech companies announcing a joint venture called 'Stargate' to build data centers.

Geopolitics: Trump reiterates a 5% defense spending target for NATO members, says that he would add sanctions on Russia if President Vladimir Putin doesn't come to the negotiating table. Chinese President Xi Jinping and Putin agree in a phone call to elevate the relationship to new heights this year (Chinese state media)

==ASIA:

Japan: Foreign minister Takeshi Iwaya says Japan has no choice but to strengthen defense.